Brian Everett is the Subject of a Six-Figure Dispute

Brian Everett (CRD #: 1250585), a broker registered with Cetera Advisors, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 5, 2024. Keep reading for more information.

Investor Allegations 

On January 11, 2024, an investor alleged that Brian Everett recommended unsuitable investments and overconcentrated alternative investments. The investor is seeking $100,000. 

On December 27, 2022, an investor alleged that Brian Everett recommended unsuitable investments. The investor sought $114,000 and settled for $63,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Background Information 

Brian Everett has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination 
• Series 52 Municipal Securities Representative Examination 
• Series 62 Corporate Securities Limited Representative Examination 
• Series 22 Direct Participation Programs Representative Examination 
• Series 6 Investment Company Products/Variable Contracts 
• Series 24 General Securities Representative Examination 

He is a registered broker in 22 states and is a registered investment adviser and Texas. 

During his 39 years of experience, Brian Everett has registered with seven firms: 

• Cetera Advisors (CRD #: 10299) 
• Cetera Investment Advisors 
• First Allied Securities (CRD #: 324444) 
• First Allied Advisory Services (CRD #: 137888)
• First Allied Securities (CRD #: 32444) 
• LPL Financial (CRD #: 6413) 
• SunAmerica Securities (CRD #: 20068) 
• Waddell & Reed (CRD #: 866) 

Kurta Law Can Help 

If you have worked with Brian Everett and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.